UOB Talk Eur/Usd

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EUR/USD is likely in the early stages of forming a base, argues UOB Group.
The sharp drop from the high of 1.1708/13 last Monday is losing momentum and the current movement appears to be the early stages of a bottoming process, UOB adds.
However, until there is a clear break above 1.1370, another attempt to move towards the major support at 1.1105 cannot be ruled out just yet, UOB projects.